Cementos Pacasmayo (CPAC) Reaches New 12-Month Low at $9.07

Cementos Pacasmayo (NYSE:CPAC)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $9.07 and last traded at $9.85, with a volume of 4872 shares. The stock had previously closed at $9.98.

Several equities analysts recently commented on the company. Zacks Investment Research raised Cementos Pacasmayo from a “sell” rating to a “hold” rating in a research report on Monday. ValuEngine lowered Cementos Pacasmayo from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Cementos Pacasmayo has a consensus rating of “Hold” and an average price target of $12.67.

The stock has a market cap of $927.43 million, a PE ratio of 29.88, a P/E/G ratio of 0.73 and a beta of 1.07. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.92 and a quick ratio of 0.72.

Cementos Pacasmayo (NYSE:CPAC) last announced its earnings results on Monday, October 29th. The construction company reported $0.12 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.12. Cementos Pacasmayo had a return on equity of 5.72% and a net margin of 7.94%. The company had revenue of $96.60 million for the quarter. On average, research analysts predict that Cementos Pacasmayo will post 0.52 EPS for the current year.

The firm also recently announced a special dividend, which will be paid on Thursday, December 6th. Shareholders of record on Friday, November 9th will be given a $0.5713 dividend. This represents a dividend yield of 5.17%. This is a positive change from Cementos Pacasmayo’s previous special dividend of $0.35. The ex-dividend date of this dividend is Thursday, November 8th. Cementos Pacasmayo’s dividend payout ratio is presently 156.25%.

An institutional investor recently bought a new position in Cementos Pacasmayo stock. JPMorgan Chase & Co. bought a new stake in Cementos Pacasmayo (NYSE:CPAC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 39,877 shares of the construction company’s stock, valued at approximately $417,000. Institutional investors own 3.98% of the company’s stock.

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Cementos Pacasmayo Company Profile (NYSE:CPAC)

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in the northern region of Peru. The company operates in three segments: Cement, Concrete and Blocks; Quicklime; and Sales of Construction Supplies. It produces cement for various uses, such as residential and commercial construction, and civil engineering; ready-mix concrete used in large construction sites; concrete blocks, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete blocks for structural and non-structural uses; and cement based products, including assembly gravity walls, beams and vaults, precast beams, sheet piles, seawalls, and piles, as well as bathroom and housing units.

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